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Affordability Calculator

Home Affordability Calculator
The affordability calculator uses your annual income, down payment, and recurring monthly payments to estimate how much you can afford to pay for a house in your area.
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City or ZIP
Annual Income
Down Payment
Recurring Monthly Payments
Loan Type
Annual Property Tax
How we calculate your home affordability estimate
We estimate your home affordability estimate by calculating your annual income, down payment, and recurring monthly payments according to the current average APR.
Annual Income
In order to determine how much you can afford to pay each month, we start by looking at how much you make each year before taxes (salary, wages, tips, commission).
Down Payment
Your down payment reduces the total amount of your mortgage loan, so the more money you put down, the more expensive of a house you can buy. At the same time, you can put more money down to decrease your mortgage payment each month. Use the affordability calculator to see how your down payment affects your home affordability estimate and your monthly mortgage payment. The typical rule of thumb is to contribute 20% of the home’s price as your down payment, although some mortgage loans require as little as 3.5% down.
Recurring Monthly Payments
You need money left over each month to pay your mortgage so we take your car payment, student loans, and credit card minimum payments into account when calculating how much you can afford.
Homes in Your Price Range
We use your home affordability estimate to determine how many homes you can afford in the location you specify.
The affordability calculator is intended for planning and educational purposes only. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Talk to a lender to find out exactly how much home you can afford.